| Website |
https://www.coinbase.com |
https://www.interactivebrokers.com/ |
| Pros |
- Access to Bitcoin, Ethereum, Litecoin, Dash, and dozens of other cryptocurrencies.
- Most trustworthy and long-lasting Cryptocurrency exchange.
- Provides tax documents for cryptocurrencies.
- Allows transferring your cryptocurrencies to a private wallet.
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- Apps for every platform.
- Just about every trading option you can imagine.
- Lots of day trading options.
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| Cons |
- Very high transaction fees compared to stock market investing.
- Speculating in cryptocurrencies is dangerous, and can result in 100% loss due to hacked accounts or other attacks.
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- So much security, you’ll need to confirm your account 10x to just get setup.
- Advanced configuration and options require training to use.
- Extreme overkill if you’re aiming to just invest in ETFs and mutual funds for retirement.
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| Promotions |
- Get $10 in free Bitcoin by opening an account with $100.
- Earn up to $40 by going through Coinbase tutorials.
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| Fees |
- $0.99 trade fee for transactions $0-$10.
- $1.49 trade fee for transactions $10-$25.
- $1.99 trade fee for transactions $25-$50.
- $2.99 trade fee for transactions $50-$200.
- 0.50% fee for transactions above $200.
- 1.49% trade fee for transactions from a US Bank Account.
- 3.99% trade fee for transactions from a Debit Card.
- Coinbase’s Fees are far higher than investing in the stock market.
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- Depending on your tier, free trades for ETFs and mutual funds.
- Minimum $0.35 per stock trade.
- Somewhat confusing fee structure.
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